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06-01-2012, 12:12 PM
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#1
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 355
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"Good" day today!
Dow down 270+ so far. DW's bi-monthly 403b contribution will buy more shares, as will all our reinvested divs (oops, they were reinvested yesterday, but that was down too).
Woohoo! Wonder how long the "good" times will last? 
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I still don't get it...
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06-01-2012, 12:17 PM
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#2
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Full time employment: Posting here.
Join Date: Jun 2006
Posts: 774
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I like the way you think.
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CW4, USA-(ret)
RN, BSN-(ret)
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06-01-2012, 12:20 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Posts: 1,216
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This is awful to say, but I'm hoping for it to drop by more! My 401k contribution will post tomorrow, reflecting today's closing prices. And, if the market drops enough, it might tempt me to rebalance just a little.
I read a news article the other day, in Yahoo news or whatever, that predicts the market might rally a bit in June, but then do a big sell off in July. So they're saying that June might be a good time to sell off, and then buy back around August/September.
Of course, like anything else, take it with a grain of salt. 
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06-01-2012, 12:39 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2010
Posts: 2,284
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Woo-hoo! Buying opportunities coming up fast! 
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06-01-2012, 12:47 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 6,649
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Here we go again! At least we can't blame W2R for yelling that thing that rhymes with "glee" within the past week! But it looks like she did yet again call one of those local tops.
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Life After FIRE - we redesign it every 5 years!
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06-01-2012, 01:00 PM
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#6
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Full time employment: Posting here.
Join Date: Nov 2011
Posts: 663
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For weeks like this I maintain a few low-ball open orders on quality companies. Always nice to pick up a good dividend stock at a low price while others are fearful.
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06-01-2012, 01:04 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
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I did some Roth conversions today within Wellesley and picked up a few shares of GE since it was down for the day. Also pays a 3.6% yield so it's all good.
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Work is something you do to get enough $ so you don't have to....Me.
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06-01-2012, 01:11 PM
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#8
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Moderator
Join Date: May 2007
Location: San Francisco
Posts: 8,270
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I am tracking a handful of stocks that are getting near "buy" territory. Still too early to pull the trigger. There is always next week though.
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06-01-2012, 01:44 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Sep 2003
Posts: 2,261
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 Quote:
Originally Posted by audreyh1
Here we go again! At least we can't blame W2R for yelling that thing that rhymes with "glee" within the past week! But it looks like she did yet again call one of those local tops.
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Maybe we need W2R to yell whoa and hopefully this will be the bottom 
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06-01-2012, 02:30 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 13,842
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Meh. After the keel-haulings we have endured the last few years, this just feels like a bump in the road. At least, so far.
__________________
"To be a man means that you are brave, loyal and true. When you are in the wrong, you own up and take your punishment. You don't take advantage of women. As a husband, you support and protect your wife and children. You are gracious in victory and a good sport in defeat. Your word is your bond. Your handshake is as good as your word... When the ship goes down, you put the women and children into the lifeboats and wave good-bye with a smile." C Murray
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06-01-2012, 02:42 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,256
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I wuv my MUB.....
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06-01-2012, 04:47 PM
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#12
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 355
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__________________
I still don't get it...
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06-01-2012, 04:56 PM
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#13
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Recycles dryer sheets
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 416
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I hope it continues for awhile longer as a strong Dollar is good for Expats living in natural resource rich exporting countries and fixed income retirees! 
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06-01-2012, 06:14 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,752
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Let the markets do as they want. Today was a great day, the fifth aniversary of "Bye-Bye MegaCorp". And my NW is still 125% of that great day.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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06-01-2012, 08:30 PM
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#15
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Administrator
Join Date: Jan 2007
Location: New Orleans
Posts: 24,588
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Quote:
Originally Posted by brewer12345
Meh. After the keel-haulings we have endured the last few years, this just feels like a bump in the road. At least, so far.
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Yes, I hardly know what all the fuss is about. It must have been a slow news day. 
As for Whees and Whoas, I'll save them for later. My birthday is in a week, so maybe the market will produce a nice little local maximum type Whee! for me.  Hmmmm, I'll check my crystal ball....
__________________
"Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harborless immensities." - - H. Melville, 1851
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06-01-2012, 10:57 PM
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#16
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,262
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Today was a very good day to sell puts on Berkshire Hathaway, and sometime in the next six months I bet it'll be a good time to buy more EFV. But I think I'm going to wait until after the 17 June Greek elections before I even look at the prices.
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I don't spend much time here anymore, so please send me a PM. Thanks.
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06-02-2012, 05:09 AM
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#17
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Dryer sheet aficionado
Join Date: Jun 2008
Posts: 44
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06-02-2012, 06:26 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,749
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Quote:
Originally Posted by Nords
Today was a very good day to sell puts on Berkshire Hathaway, and sometime in the next six months I bet it'll be a good time to buy more EFV. But I think I'm going to wait until after the 17 June Greek elections before I even look at the prices.
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I no longer think the Greek elections matter. Spain and Italy are demonstrating that they don't have the political will to balance their budgets. Since Germany is the only one left with the credit rating to borrow against, they get to decide if they are willing to work until they're 68 so the Italians, Greeks and Spaniards can retire at 60 or before. Even if they do, their credit will quickly become trash and then the whole house of cards collapses.
The old euro is going to disappear very soon. The problem is everyone is trying to play out the charade as long as possible.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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06-02-2012, 07:17 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Jun 2010
Location: France
Posts: 1,074
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Quote:
Originally Posted by 2B
I no longer think the Greek elections matter. Spain and Italy are demonstrating that they don't have the political will to balance their budgets. Since Germany is the only one left with the credit rating to borrow against, they get to decide if they are willing to work until they're 68 so the Italians, Greeks and Spaniards can retire at 60 or before. Even if they do, their credit will quickly become trash and then the whole house of cards collapses.
The old euro is going to disappear very soon. The problem is everyone is trying to play out the charade as long as possible.
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I think this is a bit of an over-simplification. Spain was running the best-balanced budget of the Eurozone until, like Ireland, they had to cope with bailing out their banking sector (Ireland's got into trouble over CDOs etc, Spain's over a property bubble). And Italy owes most of its debt to its own citizens, so there's a limit to how willing the creditors will be to pull any particular trigger. All three of those countries, plus Portugal, seem to be taking their austerity medicine without too much complaint.
There are two reasonably simple solutions to the Euro's problems: inflation and Eurobonds. Both are currently anathema to Germany (inflation because of what it led to for them in the 1920s, Eurobonds because Germany does not want to end up de facto running the fiscal policy of 16 other countries), but at some point, Germany will work out that these are less bad than the alternatives.
__________________
Age 52, retired July 1, 2012; DW is 55 and working for 5 more years. Current portfolio is 1350K split 50 stocks/15 bonds/35 cash. Renting house, no debts.
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06-02-2012, 07:41 AM
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#20
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Full time employment: Posting here.
Join Date: Mar 2009
Posts: 554
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I made my monthly Roth contributions yesterday along with moving a little bit of ST Corp bond fund to equity income. Over the next year I plan to move all the ST bond into dividend funds so the dips are slightly appreciated. This is basically housekeeping as I have a decent Stab value fund in my 401K so we don't really need the ST corp. In any event I'm sticking to the 45/40/15 allocation. Historically this has enabled me to ride out the dips and not do anything irrational.
__________________
"What's the worst thing that could happen - I keep my job."
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